Morningstar

T. Rowe Price Ultra Short-Term Bond Fund TRBUX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 5.07  /  0.00
  • Total Assets 3.0B
  • Adj. Expense Ratio
    0.310%
  • Expense Ratio 0.310%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 4.46%
  • Effective Duration 0.66 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis TRBUX

Will TRBUX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TRBUX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TRBUX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TRBUX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

T. Rowe Price Ultra Short-Term Bond holds a quantitatively derived Bronze Morningstar Medalist Rating. The rating reflects that it has scored better than the norm on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings TRBUX

More TRBUX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.375%

1.52 46M
Government

Brunswick Corporation 0%

0.96 29M
Cash and Equivalents

Federal National Mortgage Association 5.5%

0.94 28M
Securitized

United States Treasury Notes 3.5%

0.87 26M
Government

Federal National Mortgage Association 5.5%

0.71 21M
Securitized

JPMorgan Chase & Co. 2.947%

0.69 21M
Corporate

Humana Inc. 0%

0.67 20M
Cash and Equivalents

BATTALION CLO X LTD 4.80709%

0.60 18M
Securitized

Oneok Inc. 0%

0.60 18M
Cash and Equivalents

Videotron Ltee 0%

0.59 18M
Cash and Equivalents

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